$BTC $ETH
The market is about to change!
The upper and lower channels are compressed to the limit.
Should BTC go north or south?
The volume is shrinking,
slow rise and fast fall,
the large-level K-line is downward,
every time it reaches a critical point,
quickly pull up,
the small-level K-line completes the reversal,
the large-level has a tendency to reverse,
put on a strong upward posture,
but destroys the K-line through a small-level quick smash,
repeatedly grinding the mentality!
In terms of the current fundamentals: since August 5, BTC has risen by 91%, and grinding the top is a high probability event!
In terms of news: interest rate cuts, US elections and other positive factors have been implemented. There is no good narrative and positive factors in the short term, and the retracement meets the market demand!
From the perspective of the main interest needs, it is a good choice to make a false breakthrough to lure more!
In the short term, the upper side looks at the breakthrough and stabilization of 91200, and the lower side looks at the support near 88900!
ETH has already shown an attitude of abandoning its big brother and spiraling downward!
